Refer to the following equations which describe a hypothetical economy.C150 + 0.6Y%3D1.100%3D50Under what level of output would there be an unplanned increase in inventory?Select one:a. 800b. 600c. 500O d. 400

Y=C+I+GY=150+0.6Y+100+50Y-0.6Y=150+1500.4Y=300Y=3000.4Y=750

Refer to the following equations which describe a hypothetical economy. C %3D 150 + 0.6Y 100 %3D 50 %3D Under what level of output would there be an unplanned increase in inventory? Select one: a. 800 b. 600 C. 500 d. 400

Refer to the following equations which describe a hypothetical economy. C %3D 150 + 0.6Y 100 %3D 50 %3D Under what level of output would there be an unplanned increase in inventory? Select one: a. 800 b. 600 C. 500 d. 400

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter24: The Aggregate Demand/aggregate Supply Model

Section: Chapter Questions

Problem 24RQ: Briefly explain the reason for the near-horizontal shape of the SRAS curve on its far left.

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Question

100%

Refer to the following equations which describe a hypothetical economy.
C
150 + 0.6Y
%3D
1.
100
%3D
50
Under what level of output would there be an unplanned increase in inventory?
Select one:
a. 800
b. 600
c. 500
O d. 400

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